FRIEDRICHSHAFEN (dpa-AFX) - Tognum AG (TGNMF.PK) said its first quarter adjusted net profit was down to 44.3 million euros from 50.8 million euros last year. Adjusted earnings per share were 0.33 euros, down from 0.39 euros in the same quarter last year.
Revenues grew to 685.3 million euros from 661.4 million euros in the prior-year quarter. Order intake in the quarter was solid at 771.5 million euros versus 817.9 million euros a year earlier.
The company confirmed its forecast for the full-year 2012. The company continues to expect a single-digit percentage growth in revenues and an adjusted return on sales of over ten per cent.
'As a result of an order backlog that remains strong at over two billion euros, we are confident that we will achieve our targets for the 2012 financial year,' said Joachim Coers, CEO of Tognum AG. 'But in view of the considerable uncertainty that continues to prevail on the capital and commodities markets, we will have to expect fluctuations in demand in the course of the year.'
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© 2012 AFX News
